The HMRC advert says, “Tax doesn’t have to be taxing”. Unfortunately, for most people that is exactly what it is, and trying to work out completing a Self Assessment Tax Return is something that can easily end up being put off. Some may even have several years of undeclared income. Recently, HMRC were running campaigns to encourage people to come clean. However, things are changing, and a new era of much heavier penalties is now coming into force. People who once shrugged their shoulders at the odd £100 late filing penalty could soon find themselves with £1000 to pay!
You might find that using TT Accounting to take on your bookkeeping so that your books are up to date and the information needed for self employed income will be readily available when it comes to completing your tax return.
If you struggle with completing your Tax Return don’t keep putting it off! Seek help today. Call 01727 851 931.